Q3 2026 Tbo Tek Ltd Earnings Call Transcript
Key Points
- TBO Tek Ltd (NSE:TBOTEK) successfully integrated Classic Vacations into its financial and operating matrices, expanding the scale of its platform.
- The air business showed strong recovery with a 16% year-over-year growth on an organic basis.
- The company maintained a stable gross profit to adjusted EBITDA conversion rate, indicating operational efficiency.
- Cross-selling between TBO and Classic Vacations has begun, showing promising early signs of success.
- TBO Tek Ltd (NSE:TBOTEK) expects significant operating leverage and margin expansion in the upcoming quarters, particularly in its organic business.
- The integration of Classic Vacations adds complexity to TBO Tek Ltd (NSE:TBOTEK)'s financial metrics, making comparisons challenging.
- There is a distortion in numbers due to Ramadan, particularly affecting the Middle East geography.
- Depreciation and finance costs have increased due to the Classic Vacations integration, impacting financial results.
- Forex impact remains a concern, although hedging practices have been introduced to mitigate risks.
- The take rate for the airline business is not fully controllable, leading to potential fluctuations in revenue.
Yes, I think we can begin now.
Yeah, good evening, everyone. I'm Vanessa Fernandes from the Adfactors PR Investor relations team. On behalf of Tbo Tek Limited, I would like to welcome you all to the earnings conference call for quarter 3 and nine-month FY26.
Today on the call, we have with us from the management, Mr. Ankush Nijhawan, Co-founder and Joint Managing Director, Mr. Gurav Bhatnagar, Co-Founder and Joint Managing Director, Mr. Vikas Jain, Chief Financial Officer, Mr. Anil Berera, Advisor, Mr. Akshat Verma, Whole-Time Director and CTO, and Mr. Pramendra Kumar, General Counsel, and Mr. Shreshth Jain Mahajan, Associate Director Investor Relations. (Event Instructions)
I will now hand over the call to Mr. Vikas Jain for his opening remarks. Thank you and over to you, Mr. Vikas.
Thanks, Vanessa. Good evening, everyone, and thanks, for joining us. This, quarter represents an important milestone
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